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Is Liesman The Ultimate Cognitive 'Dissonant'?"

Tyler Durden's picture




 

Quickly following up on Rick Santelli's epic rant (which CNBC decided not to publish) on the 'smoking gun' reality of Bernanke's testimony this morning: that they knew that rates were being manipulated but it was for the good of the people - and asking rhetorically, we assume, "Why Do We Have Regulators? Manipulation Is Manipulation!"; Steve Liesman has been brought out to relay the party line to the citizenry - that there is no smoking gun. Furthermore, Liesman sees a 1-2bps compression in Treasury yields as signalling the market's belief that NEW QE is indeed still on and the drop in stocks is merely a lack of instant gratification. It seems to us that Santelli's perspective that Bernanke knows he is at his limit with regard to efficacy of measures seems much more realistic than Liesman's re-iteration of the Fed-Watcher's desires and his own incredible cognitive dissonance - just what happens if the Fed is not omnipotent?

 

Odd? It appears CNBC has pulled the embed too - direct link here.

 

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Tue, 07/17/2012 - 11:40 | 2624446 Loyal2Liberty
Loyal2Liberty's picture

Error Code VID 502: FED intervention.

Tue, 07/17/2012 - 11:41 | 2624457 Careless Whisper
Careless Whisper's picture

The Careless Whisper DRUDGE Front-Runner And Threadjacking

 

Former HSBC "Banker" Boasts It Had 70% Market Share Of Mexico To USA Money Laundering; $7 Billion During 2007-2008

http://www.bloomberg.com/news/2012-07-16/hsbc-aided-money-laundering-by-iran-drug-cartels-probe-shows.html

Hidden In Plain View: Google Signs Deal With Council On Foreign Relations

http://www.dailymail.co.uk/sciencetech/article-2174735/Google-starts-searching-worlds-wanted-criminals.html

GM On-Star In Deal With RelayRides To Allow Car Owners To Rent Their Cars Hourly To Strangers; Extra Income To Help Monthly Car Payments

http://www.detroitnews.com/article/20120717/AUTO0103/207170323/OnStar-soon-offer-car-sharing?odyssey=mod|newswell|text|FRONTPAGE|p

"Drinking With Bob" Has New Idea For "Freedom Torch" (VIDEO)

http://www.youtube.com/watch?v=ssIGPJu145E

AutoNation Kept Health Care Costs Constant For 10 Years; Bus Tests High Blood Pressure, Cholesterol; Free Gym Membership

http://www.sun-sentinel.com/health/fl-autonation-health-bus-20120717,0,2136369.story

Peter Thiel Calls Google's Eric Schmidt: "Minister Of Propaganda"

http://techcrunch.com/2012/07/17/peter-thiel-eric-schmidt/

 

 

Tue, 07/17/2012 - 11:50 | 2624499 ihedgemyhedges
ihedgemyhedges's picture

Where the hades is the great Bob Brusca????  I mean, you can't mess around with Bernanke.  Come on Bob, give us another........

http://www.zerohedge.com/contributed/2012-18-03/don%E2%80%99t-play-hanky-panky-bernanke

Tue, 07/17/2012 - 12:02 | 2624538 The Monkey
The Monkey's picture

Short squeeze!!

Tue, 07/17/2012 - 12:39 | 2624663 whstlblwr
whstlblwr's picture

Bernanke is MY BITCH!! Don't worry buy everything.

Tue, 07/17/2012 - 12:52 | 2624707 Precious
Precious's picture

... and Americans have the balls to call China and Russia corrupt.

Tue, 07/17/2012 - 12:52 | 2624709 The Monkey
The Monkey's picture

Apple is trading at ~ $610 / share. When Apple's earnings are out, it will move the entire market. Let's face it; earnings overall were not that bad.

Then we'll be in the risk on cycle again, and this puppy will retrace 99% of it's losses, wiping out all of the bears. But, before the bears are wiped out, the market will ascend with enough volatility to keep the bears interested. Afterall, last August the market absolutely tanked.

August will be a great month for the markets, watch it happen.

Tue, 07/17/2012 - 12:43 | 2624676 Gringo Viejo
Gringo Viejo's picture

drinkingwithbob 2012

Tue, 07/17/2012 - 13:03 | 2624775 tsx500
tsx500's picture

PAUL - SANTELLI 2012  !!!

Tue, 07/17/2012 - 12:33 | 2624638 Pegasus Muse
Pegasus Muse's picture

 Is this the video?  Or was there another Santelli rant today that they're not showing? 

=====

Santelli: Libor, Rigging Rates & the Law

Mon 16 Jul 12 | 11:09 AM ET

http://video.cnbc.com/gallery/?video=3000103138&play=1 

Tue, 07/17/2012 - 13:00 | 2624757 Temporalist
Temporalist's picture

Here is Santelli "Manipulation is manipulation"

http://video.cnbc.com/gallery/?video=3000103491

Tue, 07/17/2012 - 12:48 | 2624690 slaughterer
slaughterer's picture

This summer's QE3 rally was just signalled by Chuck Schumer's "Get to work Chairman" code announcement.   This is the secret code announcement passed down from Hatzius to Schumer that Ben was waiting for, and it was given under the eyes of the entire world during this historical, momentous Q+A session, which everybody on Wall Street was anticipating.  Balls to walls time. 

Tue, 07/17/2012 - 12:53 | 2624716 FL_Conservative
FL_Conservative's picture

With each fucking passing day....every day....going Galt looks more and more like the answer.  Let the fucking morons clean up their shit on their own.

Tue, 07/17/2012 - 13:18 | 2624837 Raymond K Hessel
Raymond K Hessel's picture

Galt's Gulch used to be America.  

Now, it's nowhere.  Maybe a little in Switzerland, Singapore, etc.  

But basically, we're fucked.  

It's nowhere.

 

Tue, 07/17/2012 - 14:04 | 2625025 francis_sawyer
francis_sawyer's picture

The best way to "Go Galt" is to borrow a library card to take out "Atlas Shrugged" from the public library... & never return the book... 

Tue, 07/17/2012 - 11:41 | 2624454 prains
prains's picture

il cognito

Tue, 07/17/2012 - 11:45 | 2624479 Clueless Economist
Clueless Economist's picture

I'd like to rub my hands on Liesman's tubby , tummy fat...knead it like dough and then kiss his sweaty bald head.

Tue, 07/17/2012 - 11:46 | 2624488 IndicaTive
IndicaTive's picture

Guess I'll put lunch off for an hour. Thanks.

Tue, 07/17/2012 - 12:35 | 2624650 kurt
kurt's picture

Aqua Velva and diffuse poop.

Tue, 07/17/2012 - 16:16 | 2625683 Disenchanted
Disenchanted's picture

 

 

Why is it everytime I have the unfortunate experience of viewing that cunt Liesman, it seems like he's just given a bankster a 'happy ending?'

Tue, 07/17/2012 - 11:41 | 2624458 Dagny Taggart
Dagny Taggart's picture

CNBC customer care is "fixing" the problem lol.

Tue, 07/17/2012 - 12:02 | 2624539 Tijuana Donkey Show
Tijuana Donkey Show's picture

CNBC - 'Cause Nobody Bothers Checking

Tue, 07/17/2012 - 11:42 | 2624465 Cult_of_Reason
Cult_of_Reason's picture

The propaganda lies machine, CNBC, has blocked the video.

Tue, 07/17/2012 - 11:44 | 2624470 SmoothCoolSmoke
SmoothCoolSmoke's picture

Based on the move up in the SP since 10:45 (+8) looks like Liesman is winning.

Tue, 07/17/2012 - 11:45 | 2624475 SmoothCoolSmoke
SmoothCoolSmoke's picture

Make that +9.

Tue, 07/17/2012 - 11:46 | 2624482 SmoothCoolSmoke
SmoothCoolSmoke's picture

+10

Tue, 07/17/2012 - 12:26 | 2624613 MsCreant
MsCreant's picture

A woman needs to be in love to suck that hard.

Tue, 07/17/2012 - 12:55 | 2624726 TheFourthStooge-ing
TheFourthStooge-ing's picture

MsCreant, your sardonic wit is truly a rare treasure.

Tue, 07/17/2012 - 13:01 | 2624747 akak
akak's picture

Made me laugh!

The nature of US Good Humorism is eternal.

Tue, 07/17/2012 - 11:44 | 2624472 viator
viator's picture

How can you tell a QE addict is lying?

Their lips are moving.

Tue, 07/17/2012 - 11:45 | 2624478 101 years and c...
101 years and counting's picture

QE LIES!!!  1.6 TRILLION in EXCESS RESERVES means there is no way Ben touches his printer for years.

Tue, 07/17/2012 - 11:50 | 2624495 Mercury
Mercury's picture

...just what happens if the Fed is not omnipotent?

That amounts to thought crime since the whole conceit of central planning is that it is omnipotent.

Tue, 07/17/2012 - 11:51 | 2624503 ArkansasAngie
ArkansasAngie's picture

I don't think he will before the election.   

But ... since we will continue to burn a negative $100 billion a month (+/-) ... Bernanke will have to print.  If he doesn't there is no one else to buy all that paper that the CONgress critters will need.

You can bet that QE3 will be huge.  Bernanke knows he has one last shot at lifting animal spirits before the ropes get brought out.

Tue, 07/17/2012 - 13:27 | 2624887 Offthebeach
Offthebeach's picture

Bernanke for The Hjalmar Schacht Award.

Tue, 07/17/2012 - 11:55 | 2624519 LMAOLORI
LMAOLORI's picture

 

Good article but it does leave out the leftist Union pac's 

Defective Government by Design

Tue, 07/17/2012 - 12:01 | 2624536 Snakeeyes
Snakeeyes's picture

Leisman is a troll.

Nothing no Senator expressed anger at The Fed usurping Congressional authority? WHIMPS!!!!!!!!!!11

http://confoundedinterest.wordpress.com/2012/07/17/market-reactions-to-bernankes-report-to-u-s-senate-bernanke-does-e-f-hutton-impression-gold-euro-10-yr-treasury-yields-tank/

Tue, 07/17/2012 - 12:06 | 2624546 firstdivision
firstdivision's picture

Today's question: is there anything that Potter isn't hitting the bid on?

 

And this comment made me chuckle as the 10Y is under 1.5 http://www.zerohedge.com/article/why-does-brian-sack-interact-goldmans-fx-committee#comment-838209

Tue, 07/17/2012 - 12:04 | 2624549 Hype Alert
Hype Alert's picture

How many times can they price in QE?

 

Tue, 07/17/2012 - 12:05 | 2624553 alien-IQ
alien-IQ's picture

Since we all know that this is a market, economy and indeed nation built on lies...why are we surprised when propagandists like the scumbags on CNBC go on the air and lie?

Tue, 07/17/2012 - 12:10 | 2624563 Gringo Viejo
Gringo Viejo's picture

LMAO at the way he insists his name be pronounced LEEsman.

Tue, 07/17/2012 - 12:11 | 2624569 Seasmoke
Seasmoke's picture

Liesman should receive the sane fate as Baghdad Bob

Tue, 07/17/2012 - 12:16 | 2624587 Duke of Con Dao
Duke of Con Dao's picture

are you saying Liesman is a human weathervane like Mitt Romney in this clip:

https://www.youtube.com/watch?v=Kt4YrbgCLLk

...

deftly mixes Dylan with Days of Heaven plus Mitt's Best Hits

Tue, 07/17/2012 - 12:20 | 2624592 Shizzmoney
Shizzmoney's picture

Liesman to zombified muppet investor retail public:

"These aren't the central banking manipulators you are looking for."

Tue, 07/17/2012 - 12:33 | 2624640 BeetleBailey
BeetleBailey's picture

Steve Liesman is a douchebag - plain and simple. Bought off by the bankers, this tool forgot long ago what it is like to be a real reporter, and has become a mouthpiece for the central banking cartel of fucking thieves.

His leering demeanor, asinine defense when confronted by Santelli, and obvious bias makes him a complete fool.

Hard to imagine how this bumbling prickmyer sleeps at night. Probably dozes off on the couch, empty pail of KFC and some gummy bears strewn about his lair. Fucker......

Tue, 07/17/2012 - 12:37 | 2624658 Snakeeyes
Tue, 07/17/2012 - 12:43 | 2624674 Shizzmoney
Shizzmoney's picture

Only CNBC would employ a reporter named "Liesman" to spew Federal Reserve propaganda.

Tue, 07/17/2012 - 13:06 | 2624781 azzhatter
azzhatter's picture

I used to watch CNBC for news but it has become insufferable over the past 4-5 years. LIESman, that asshole Kernan, some little punk cub reporter named sorkin in the morning are unwatchable. They have a deranged mental patient named Cramer who is always talking about some "well run" company as if he has ever run a business. Such a drooling fool this guy is. The is just a gaggle of shitheads on that station. Bartiromo, whose claim to fame is blowing some Citibank dude on his private jet. "Money Honey"- an overweight slut who drools on the bankers cocks on air. The whole station is like some bad comedy show with a few hot chicks sprinkled in. Clowns, mostly journalists masquerading as experts in all things financial and political. Really sad TV but they have almost no ratings so very few people get brainwashed by their drivel.

Tue, 07/17/2012 - 13:13 | 2624820 Quinvarius
Quinvarius's picture

Don't get me started.  Just thinking about that channel pisses me off.  The anchors are like a bunch of the most retarded ignorant trolls on any messageboard.

Tue, 07/17/2012 - 15:58 | 2625593 tongue.stan
tongue.stan's picture

Q, Us trolls take exception to that comparison.

BTW, isn't everyone on that channel a jew? Just askin.

/sarc off

Tue, 07/17/2012 - 15:55 | 2625579 prodigious_idea
prodigious_idea's picture

Couldn't agree more, and was tracking with your tags until "Money Honey".  Can't peg her through elimination.  Help please.

Tue, 07/17/2012 - 16:10 | 2625656 Gimp
Gimp's picture

How to watch CNBC:

1. Turn on TV

2. Find channel

3. Once found, hit mute button and watch ticker run along the bottom of screen.

Tue, 07/17/2012 - 16:20 | 2625703 Disenchanted
Disenchanted's picture

 

 

What about the old "green shoots" codger they used to have on about 8 PM...is that useless POS still pulling second shift bankster knob gobbling duty?

 

...Kudlow, that was his name...

Tue, 07/17/2012 - 14:31 | 2625116 malek
malek's picture

And I thought we have regulators so the manipulation happens orderly.

Tue, 07/17/2012 - 14:45 | 2625174 bankruptcylawyer
bankruptcylawyer's picture

the fed doesn't have to be ominpotent it just has to be able to flood the market with money. and it can and will do that. 'the market' being wall street, and 'flooding' meaning stealing savings and purchasing power from average americans who want the manufacturing base repatriated, and who want their debt extinguished instead of sold of by bank owners to other banks who can afford to buy portfolios of debt at 2% financing so that the debtors can continue to be juiced. 

 

this is a debtor , creditor war, and the fed/treasury ---the biggest debtor of them all ---but the only debtor who can pay back with countterfeit money printed from thin air-------is paradoxically on the side of the big creditors. 

this isn't going to change unless the fed loses the power to print. and thats not going to change unless america has an act of god or something. 

very hard to imagine the failure of the central banking system occuring in the u.s. without a popular uprising leading to a revolution in government more or less. look at egypt, they kicked out their corrupt regime, and they still got stuffed with the military controlled government just with a different 'democracy' lead by some other group who will likely be as corrupt as the last in stealing money while the military makes sure nothing really changes for the average person.

the u.s., should it even have such a 'popular uprising' isn't likely able to throw off the money masters in the wake of such an event. 

you are looking at decades of decay. 

 

Tue, 07/17/2012 - 16:48 | 2625830 Offthebeach
Offthebeach's picture

Rome wasn't destroyed in a day.

There's a lot of ruin in a nation the size of the US.

We'll have periods like Reagan of some recovery,
but never fully recovering.

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